MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Reaches New 52-Week Low – Should You Sell?

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $6.34 and last traded at $6.72, with a volume of 4117857 shares changing hands. The stock had previously closed at $6.81.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Up 0.5 %

The firm has a 50-day moving average price of $10.10 and a two-hundred day moving average price of $12.52. The firm has a market cap of $4.83 billion, a PE ratio of 11.89 and a beta of -2.71.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Company Profile

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The MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) is an exchange-traded fund that is based on the S-Network MicroSectors Gold Miners index. The fund provides 3x daily inverse leveraged exposure to a market-cap weighted index comprised of two gold miners ETFs. GDXD was launched on Dec 7, 2020 and is issued by REX Microsectors.

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